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In The News:

March U.S. Housing Starts Down 5.8% from February

April 17, 2012
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Privately-owned housing starts in March were at a seasonally adjusted annual rate of 654,000, according to the latest release from the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.8 percent below the revised February estimate of 694,000, but 10.3 percent above the March 2011 rate of 593,000.

Single-family housing starts in March were at a rate of 462,000; this is 0.2 percent below the revised February figure of 463,000. The March rate for units in buildings with five units or more was 178,000.

Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 747,000. This is 4.5 percent above the revised February rate of 715,000 and is 30.1 percent above the March 2011 estimate of 574,000.

Single-family authorizations in March were at a rate of 462,000; this is 3.5 percent below the revised February figure of 479,000. Authorizations of units in buildings with five units or more were at a rate of 262,000 in March.

Privately-owned housing completions in March were at a seasonally adjusted annual rate of 600,000. This is 4.2 percent above the revised February estimate of 576,000 and is 0.5 percent above the March 2011 rate of 597,000.

Single-family housing completions in March were at a rate of 440,000; this is 1.4 percent above the revised February rate of 434,000. The March rate for units in buildings with five units or more was 146,000.

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